Nintendo Beats Profit Estimates Thanks To Switch Lite

Nintendo has beaten analyst profit estimations for the second quarter thanks to increased software sales provided by Nintendo Switch Lite users.

Boomberg reports that analysts predicted a 50.5 billion yen operating income for Nintendo, but the company has now revealed that it generated 66.8 billion yen ($615 million). Sales generated 271.9 billion yen, exceeding predictions of 250.8 billion.

Nintendo has set itself profit projections for the whole year, ending March 2020, that are notably below analyst estimates: 260 billion yen is forecast, despite analyst predictions of 308.1 billion yen and a series of strong upcoming games such as Pokemon Sword and Shield. The strong second quarter report has not caused Nintendo to increase that forecast.

Continue reading…

from IGN Video Games https://ift.tt/2NqAbIk